Three years, $30 million could turn into one year, $13 million for Jimmy...

Zero2Cool
Elite Member Topic Starter

6 years ago

Do you feel better or worse about this contract than you did originally?

GREEN BAY, Wis. -- Jimmy Graham will have to make a significant impact on the Green Bay Packers this season. Otherwise there’s a good chance the three-year, $30 million contract he signed last week could easily be turned into a one-year deal.

Graham agreed to a $5 million roster bonus due on the third day of the league year next March. That means the Packers could decline the bonus and make Graham a free agent again.

That’s a sizable roster bonus for a player who will turn 32 in November, and it gives the Packers an easy out if they want to move on after a year.

If that’s the case, it would turn into a one-year, $13 million deal for the veteran tight end. He received an $11 million signing bonus and will make $2 million in salary and bonuses this season.

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gbguy20
Veteran Member

6 years ago

I feel better knowing his cap hit is only 5.67 mill this year,at least according to twitter. Leaves much more cap space.

Zero2Cool
Elite Member Topic Starter

6 years ago

not bad

Cheesey
Preferred Member

6 years ago

It depends on how well he plays. To give an opinion now, that’s hard to do.
I felt good about the Bennett signing last year.....not very good about it after.

Zero2Cool
Elite Member Topic Starter

6 years ago

It depends on how well he plays. To give an opinion now, that’s hard to do.
I felt good about the Bennett signing last year.....not very good about it after.

Originally Posted by: Cheesey

I don't know that i need to use hindsight to gauge how I feel right now about a contract. I'm thinking the contract is much more Packers friendly that I thought when I first heard the numbers. It should give the Packers flexibility moving forward with re-signing their own guys and maybe adding some another free agent down the line.

Then again, I was stoked about Martellus Bennett being signed so what the hell do I know.

beast
Select Member

6 years ago

I really don't understand why the attention to how they spread the cap... because it's always happy low cap in the first year and then complaining they need to restructure by the end.

Any way you spread $13 million... it's still $13 million. It doesn't matter that it's only $5 million this year, as the other $8 million is locked up already... so it's still the same amount.

Cheesey
Preferred Member

6 years ago

That’s the problem Kevin....I was excited about Bennett last year. Then it bit us in the butt.
I like the signing of Graham.... I just hope it works out great for the Packers.

Dulak
Veteran Member

6 years ago

Do you feel better or worse about this contract than you did originally?

Originally Posted by: Zero2Cool

Dont matter how we swing the stats - I bet we could of had jordy for 5 again it was suggested he was offered 2 per. The only way Im going to be satisfied with JG is if he gets more yardage and TDs then jordy did in 2016-17 season. And I dont see that ever happening.

Too bad jordy is with the raiders - would of been interesting if he would of got picked up by the pats and then we could really see how he would do.

I know this thread is about JG but ya dont matter to me jordy is gone and JG is not a replacement for him. We needed both.

Smokey
Veteran Member

6 years ago

Originally Posted by: beast

Being no expert myself, I believe that the cap rises each season. That said, set money does not increase as a % of the cap, actually the % owed in proportion to the cap decreases.

EX: A team has a $200 million cap this season. If a player is set to receive an average of $10 million per season over 3 years ($30 million), that averages to 5% against the cap this season. The next season when the cap rises to $220 million, the $10 million owed drops to 4.5% new cap. When the cap again rises the next season to $240 million, $10 million again drops to 4.17% of the new cap.

So by managing how a teams cap (or player budget) is spent each season, teams try to get the best value for their money.

beast
Select Member

6 years ago

#10

EX: A team has a $200 million cap this season. If a player is set to receive an average of $10 million per season over 3 years ($30 million), that averages to 5% against the cap this season. The next season when the cap rises to $220 million, the $10 million owed drops to 4.5% new cap. When the cap again rises the next season to $240 million, $10 million again drops to 4.17% of the new cap.

Originally Posted by: Smokey

That's the best answer I've seen... but I just see it in a completely different way.

People are happy because of the low cap number... but that's a false accounting number... Because there is also the sunk cost of the dead money.

Basically even though Graham's cap number is $5 million, he's really costing, $13 million in the first year... that's the real cost for year 1.

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